§ 17–503
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Occ. & Prof. § 17-503 (2026)
Title 17. Real Estate Brokers
Subtitle 5. Miscellaneous Provisions
§ 17–503LinkCopy Citation
Except as authorized under § 17-505 of this subtitle, a real estate broker shall deposit all trust money in a financial institution that is located in the State and whose deposits are insured by:
(1)
the Federal Deposit Insurance Corporation;
(2)
the Federal Savings and Loan Insurance Corporation;
(3)
the National Credit Union Administration;
(4)
the State of Maryland Deposit Insurance Fund Corporation; or
(5)
the Credit Union Insurance Corporation.